This property looks like a bad Long-Term investment with a projected -23.45% first-year return on $200k initial cash invested.
-23.45%
Cash On Cash
1.88%
Cap Rate
0.28
DSCR
$3,189
Rent
-$3,899
Cashflow
Cash Flow
$3,189 income − $7,088 expenses = $3,899 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$190k
Closing costs
1%
$9,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,189
Total Expenses
$7,088
Mortgage P&I
164%
$5,229
Property Taxes
22%
$699
Home Insurance
10%
$332
HOA
0%
$0
Property Management
10%
$319
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0